SM - SM Energy Company

NYSE - Nasdaq Real Time Price. Currency in USD
1.2600
+0.0700 (+5.88%)
As of 2:31PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close1.1900
Open1.3200
Bid1.2300 x 3100
Ask1.2300 x 3200
Day's Range1.1700 - 1.3200
52 Week Range0.9000 - 18.9200
Volume4,135,476
Avg. Volume5,658,819
Market Cap142.365M
Beta (5Y Monthly)3.12
PE Ratio (TTM)N/A
EPS (TTM)-1.6620
Earnings DateApr 28, 2020 - May 03, 2020
Forward Dividend & Yield0.10 (8.40%)
Ex-Dividend DateOct 23, 2019
1y Target Est5.79
  • Why Is SM Energy (SM) Down 84.3% Since Last Earnings Report?
    Zacks

    Why Is SM Energy (SM) Down 84.3% Since Last Earnings Report?

    SM Energy (SM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Shale Drillers Are Staring Down Barrel at Worst Oil Bust Yet
    Bloomberg

    Shale Drillers Are Staring Down Barrel at Worst Oil Bust Yet

    (Bloomberg) -- America’s shale drillers have never faced an oil bust quite like this.The split between Russia and its one-time OPEC allies last week has ignited an all-out price war. U.S. crude prices plunged the most since the 1990s, falling to less than $28 a barrel and rendering vast swathes of the U.S. oil industry unprofitable. Shares and bonds of shale producers plunged Monday, with the S&P 500 Energy Index posting its worst intraday decline on record.It’s a disaster for U.S. frackers including Chesapeake Energy Corp. and Whiting Petroleum Corp., who were already trading at distressed levels -- and makes more defaults and bankruptcies all but certain. After burning through hundreds of billions of dollars in cash over the past decade, the industry has consistently disappointed investors while accumulating huge debts. It now finds itself backed into a corner, increasingly shut out of capital markets. Banks were already poised to cut credit lines after writing off as much as $1 billion in shale loans last year, more than they have in 30 years of making them.This could mark the end of a historic boom that vaulted the U.S. to predominance in world crude production. On Monday, shale producers Diamondback Energy Inc. and Parsley Energy Inc. said they’re cutting the number of drill rigs in response the price slump.The boom-and-bust cycle is as old as the oil industry itself. The current price crash has echoes of 1986, when Saudi Arabia abandoned attempts to prop up a glutted market and pumped at will, sending oil futures plunging by more than half in a matter of months.But never before has so much U.S. output been in such peril -- and never has demand for that supply been so uncertain. When financial markets collapsed in 2008-2009, dragging crude demand and prices down with them, America’s shale patch as it is now didn’t exist. Oil drillers in the Permian were just warming up to the idea of hydraulic fracturing and pumping less than 1 million barrels a day.When oil tumbled to a 13-year low in early 2016, driven by a glut of supplies worldwide, the fracking revolution was indeed in full swing. But demand was strong and the region had still not yet topped 2 million barrels a day.Today, the Permian churns out more than 5 million barrels, exceeding Iraq and accounting for more than one-third of America’s total production. Shale companies weathered the last major downturn in 2018 by getting lean and plowing forward with drilling plans. This time around, they’re in a more precarious financial position and can’t afford to keep adding to a glut.“This industry shot itself in the foot with dramatic shale production growth,” said Dan Pickering, founder and chief investment officer of Houston-based asset manager Pickering Energy Partners. Drillers need “a dose of self help,” he said. “It’s kind of them against the world right now.”American shale companies are largely responsible for years of swelling world supply. Indirectly, they’ve been supported by OPEC nations and their allies cutting production to prop up prices. But the key Saudi-Russia “bromance,” as it was once described by Citigroup Inc. oil analyst Ed Morse, is over. No longer is Russia willing to bail out U.S. shale.Ominously, Russian Energy Minister Alexander Novak said in Vienna on Friday that his nation’s producers will be free to pump at will when current production caps expire at the end of the month. Saudi Arabia in turn started an all-out oil price war on Saturday, slashing its official selling prices by the most in 20 years in an effort to push as many barrels into the market as possible.That leaves American shale drillers scant time to prepare for an onslaught from the rest of the world’s oil behemoths.“The vultures already are circling,” said Amy Myers Jaffe, a senior fellow at the Council on Foreign Relations, who is frequently sought out by OPEC ministers and industry leaders for her views on oil. “What is the appetite for investors to refinance a new round of shale?”Shale drillers large and small are being pummeled by equity investors. After big drops on Friday, most of the 57 members of the S&P Oil & Gas Exploration & Production Select Industry Index fell Monday. Shale producers Oasis Petroleum Inc., California Resources Corp. and Occidental Petroleum Corp. tumbled more than 40%.Energy bonds also plummeted, with the average spread over Treasuries for companies in the Bloomberg Barclays High Yield Energy index surging above 10% for the first time since 2016, a threshold typically associated with distress. SM Energy Co. and Oasis Petroleum Inc. led high-yield declines. SM’s 6.625% notes due 2027 fell 34 cents to 36 cents on the dollar, to yield about 28%.Junk-bond sales in the U.S. had already slowed to a trickle, with just three deals pricing in the past two weeks, none of them oil or gas companies, according to data compiled by Bloomberg.With oil at about $30 a barrel, some shale explorers will find it impossible to pay lenders and support newly minted dividend programs adopted to entice retail investors. In addition, promises to finally generate free cash flow -- which has become something of an obsession in parts of the industry -- may be for naught.“There’s the old joke about the sign in the bar that says ‘free beer tomorrow,’” said Michael Roomberg, who helps manage $4 billion at Miller Howard Investments Inc. For shale drillers, “becoming free cash flow positive is something similar. And clearly this price reaction may delay that inflection point even further.”Following Friday’s decimation of shale stocks, KPMG International’s Global Head of Energy Regina Mayor said she sees a buying opportunity. “I do not think this is the death of shale,” she said. “I think it’s a good time to buy.”But for many observers, the path ahead for the U.S. shale sector appears to be painful and uncertain. Even before Friday’s dramatic events, some forecasters, including Goldman Sachs Group Inc., expected global oil demand to shrink in 2020 for only the fourth time in nearly 40 years due to the effects of the coronavirus. A rationalization of the hundreds of independent U.S. producers currently active appears inevitable, according to Ian Nieboer, managing director of RS Energy, now part of Enverus.“What we’re going to end up with is a major hollowing out of the industry,” he said.(Updates with bond prices in 15th paragraph)\--With assistance from Carlos Caminada, Sayer Devlin and Allison McNeely.To contact the reporters on this story: Joe Carroll in Houston at jcarroll8@bloomberg.net;Rachel Adams-Heard in Houston at radamsheard@bloomberg.net;David Wethe in Houston at dwethe@bloomberg.net;Kevin Crowley in Houston at kcrowley1@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine BuurmaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of SM earnings conference call or presentation 19-Feb-20 10:59am GMT

    Q4 2019 SM Energy Co Earnings Pre-Recorded Discussion

  • SM Energy Company Annual Results: Here's What Analysts Are Forecasting For Next Year
    Simply Wall St.

    SM Energy Company Annual Results: Here's What Analysts Are Forecasting For Next Year

    SM Energy Company (NYSE:SM) shares fell 2.5% to US$8.85 in the week since its latest full-year results. Revenues of...

  • SM Energy (SM) Q4 Earnings Top Estimates on Higher Output
    Zacks

    SM Energy (SM) Q4 Earnings Top Estimates on Higher Output

    SM Energy's (SM) fourth-quarter results are supported by Midland Basin strength and increased realized crude prices.

  • SM Energy (SM) Reports Q4 Loss, Tops Revenue Estimates
    Zacks

    SM Energy (SM) Reports Q4 Loss, Tops Revenue Estimates

    SM Energy (SM) delivered earnings and revenue surprises of 60.00% and 10.11%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • SM Energy Schedules Fourth Quarter And Full Year 2019 Earnings Release And Call
    PR Newswire

    SM Energy Schedules Fourth Quarter And Full Year 2019 Earnings Release And Call

    SM Energy Company (the "Company") (NYSE: SM) today announces that it expects to release its fourth quarter and full year 2019 financial and operating results and 2020 operating plan after market on February 19, 2020. See schedule below:

  • Will SM Energy (SM) Report Negative Q4 Earnings? What You Should Know
    Zacks

    Will SM Energy (SM) Report Negative Q4 Earnings? What You Should Know

    SM Energy (SM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Easy Come, Easy Go: How SM Energy (NYSE:SM) Shareholders Got Unlucky And Saw 81% Of Their Cash Evaporate
    Simply Wall St.

    Easy Come, Easy Go: How SM Energy (NYSE:SM) Shareholders Got Unlucky And Saw 81% Of Their Cash Evaporate

    While it may not be enough for some shareholders, we think it is good to see the SM Energy Company (NYSE:SM) share...

  • Here's Why You Should Hold on to SM Energy (SM) Stock Now
    Zacks

    Here's Why You Should Hold on to SM Energy (SM) Stock Now

    Given SM Energy's (SM) increasing focus on oil, specifically in the Permian and Eagle Ford regions, we believe that the company will be able to boost oil-weighted activity.

  • What Is SM Energy's (NYSE:SM) P/E Ratio After Its Share Price Rocketed?
    Simply Wall St.

    What Is SM Energy's (NYSE:SM) P/E Ratio After Its Share Price Rocketed?

    SM Energy (NYSE:SM) shareholders are no doubt pleased to see that the share price has had a great month, posting a 31...

  • Is SM Energy Company (SM) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is SM Energy Company (SM) Going To Burn These Hedge Funds ?

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

  • Are Options Traders Betting on a Big Move in SM Energy (SM) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in SM Energy (SM) Stock?

    Investors need to pay close attention to SM Energy (SM) stock based on the movements in the options market lately.

  • Thomson Reuters StreetEvents

    Edited Transcript of SM earnings conference call or presentation 31-Oct-19 10:59am GMT

    Q3 2019 SM Energy Co Earnings Call - Pre-Recorded Discussion

  • Thomson Reuters StreetEvents

    Edited Transcript of SM earnings conference call or presentation 1-Nov-19 2:00pm GMT

    Q3 2019 SM Energy Co Earnings Call

  • SM Energy (SM) Stock Jumps 17% Since Q3 Earnings Report
    Zacks

    SM Energy (SM) Stock Jumps 17% Since Q3 Earnings Report

    SM Energy's (SM) third-quarter results are aided by higher production levels, partially offset by lower commodity price realizations.

  • Consider These Fairly Priced Stocks for Your Portfolio
    GuruFocus.com

    Consider These Fairly Priced Stocks for Your Portfolio

    They have a Graham Blended Multiplier of less than 22.5 Continue reading...

  • Who Has Been Buying SM Energy Company (NYSE:SM) Shares?
    Simply Wall St.

    Who Has Been Buying SM Energy Company (NYSE:SM) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • SM Energy (SM) Reports Q3 Loss, Misses Revenue Estimates
    Zacks

    SM Energy (SM) Reports Q3 Loss, Misses Revenue Estimates

    SM Energy (SM) delivered earnings and revenue surprises of 8.33% and -0.38%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • SM Energy Reports Third Quarter 2019 Results: Top Tier Operational Execution Continues
    PR Newswire

    SM Energy Reports Third Quarter 2019 Results: Top Tier Operational Execution Continues

    Guidance For 2019: Production Up, Production Costs Down, Capital Unchanged DENVER , Oct. 31, 2019 /PRNewswire/ -- SM Energy Company (the "Company" or "SM Energy") (NYSE: SM) today announced ...

  • Moody's

    SM Energy Company -- Moody's announces completion of a periodic review of ratings of SM Energy Company

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of SM Energy Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Analysts Estimate SM Energy (SM) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate SM Energy (SM) to Report a Decline in Earnings: What to Look Out for

    SM Energy (SM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • SM Energy Schedules Third Quarter 2019 Earnings Release And Call
    PR Newswire

    SM Energy Schedules Third Quarter 2019 Earnings Release And Call

    DENVER , Oct. 21, 2019 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces that it expects to release its third quarter 2019 financial and operating results after market ...

  • Cowen downgrades energy companies on OPEC+ collapse
    Yahoo Finance Video

    Cowen downgrades energy companies on OPEC+ collapse

    Cowen Senior Analyst Gabriel Daoud joins On The Move to discuss the firm’s decision to downgrade multiple oil and gas companies following OPEC's failure to strike a deal on production cuts.